Transfer Pricing University Singapore 2023

Be equipped with the latest developments and trends, compliance, operations and governance in transfer pricing.

Join us for the upcoming in-person session of the EY Transfer Pricing University Singapore 2023.

Conducted by the EY Transfer Pricing leadership in Singapore, this signature transfer pricing (TP) program aims to equip tax, accounting and finance professionals with the latest developments and trends in the TP landscape, practical aspects of TP compliance (including documentation) and leading practices in TP operations and governance. The program will include interactive panel discussions and breakout sessions, allowing EY professionals and participants to discuss and share practical experiences on how to better manage the issues and problems.

This program is suitable for tax directors, in-house TP managers, tax executives, finance managers and corporate accountants.

Program agenda

The two full-day program consists of the following key topics as outlined below.

Module 1: TP concepts and compliance (basic)

TP fundamentals and documentation

Key TP concepts that are essential for a basic understanding of TP, recent developments in the international tax landscape and preparation of factual and technical sections of TP documentation will be discussed in Module 1.

Topics for Module 1 will include:

• TP frameworks: Organisation for Economic Co-operation and Development (OECD), United Nations, key Asia-Pacific countries and Singapore
• Basic concept of the arm’s length principle
• How and why we need to evaluate value chain processes and the functions performed, assets employed and risks assumed
• TP methods
• Components of TP documentation (e.g., three-tier documentation) and why they are important in Singapore and other jurisdictions
• The basics and latest developments in TP for intercompany financing transactions

Module 2: Specialized topics for large multinational compliance on best practices for operational TP and governance (advance)

Country-by-Country Reporting

This session will focus on Action 13 Country-by-Country Reporting (CbCR), as well as the implications for taxpayers in Singapore. The session will also present the ways in which the CbCR information may be interpreted by tax authorities as well as typical areas of concern based on EY's experience and highlight leading practices in terms of being CbCR-ready and practical considerations in data collation and management.

Base Erosion and Profit Shifting (BEPS) 2.0

On 12 October 2020, the OECD released a series of major documents in connection with the BEPS 2.0 project on addressing the tax challenges arising from the digitalization of the economy. These documents included Blueprints on Pillar One (on new nexus and profit allocation rules) and Pillar Two (on new minimum tax rules), which stakeholder comments were requested through a public consultation. Between December 2021 and February 2023, the OECD released the Model Rules on the Pillar Two Global Minimum Tax and additional guidance for the application of Pillar Two. The latest Progress Report on Pillar One – Amount A was released in October 2022 while a public consultation document for Pillar One – Amount B was released in December 2022. Singapore is committed to implement Pillar Two effective 1 January 2025. This session will provide an overview of the two pillars and the latest developments on BEPS 2.0 and discuss what the global tax changes mean to taxpayers and Singapore.

Operational TP

This session will explain the nature and importance of operational TP, which covers the challenges and practical aspects associated with ensuring that your intercompany transactions are applied and monitored appropriately. The session will also cover leading practices associated with appropriate application of a TP set-up for intercompany transactions, leading practices for ongoing monitoring of the TP practices, and go through examples on true-up adjustments and considerations.

Looking ahead: Tax controversy department of the future

The programme will close with some key statistics from the EY Tax Controversy Survey 2023 and a high-level discussion on how to build the tax controversy department of the future. This is an approach to proactively address the challenge of increased risk of tax controversy by consolidating multiple leading practices observed into a single methodology, and to assist taxpayers in fostering improvement across all phases of the tax controversy lifecycle – tax risk assessment, tax risk management and tax audit management.

Registration fees 

*Fees stated are inclusive of GST.

Seats are limited and a confirmation email will be sent to you if your registration is successful.

You can choose to attend all or selected modules. Continuing professional education (CPE) credit is given upon completion of the program.

Important notes

Please send your payment only after you have received confirmation of your registration. 

EY Corporate Advisors Pte. Ltd. reserves the right to cancel the seminar or amend the schedule and speakers due to circumstances beyond our control. Registration is on a first-come-first-served basis. We regret that we cannot provide fee refunds, but changes in the personnel attending can be accommodated.

Please note that photographs, video and/or audio recordings (Materials) may be taken during the event. The EY member firms in Singapore may collect, use, reproduce, edit and/or share the Materials for its internal and external publications (which include magazines, newsletters and website), for publicity and marketing purposes, and/or for post-event communications with event attendees. All rights, title and interests in the Materials shall belong to EY. 

Registration has closed for this event. For enquiries, please contact the organizer.